Best in Class Brownfields: Sweet, Sustained SynergiesThere’s an old saying that a camel is a horse designed by committee — and sometimes a camel is indeed the end result of a public/private brownfield partnership with too many players. But for well-run collaborations between the public and private sectors, the final project can be well worth the inevitable challenges that come with these multi-faceted developments. “Having a public cheerleader is critically important to the success of any brownfield deal,” says Todd Davis, chief executive officer of Hemisphere Development in Bedford, Ohio, a private brownfield redeveloper. “It can make a huge difference in a developer’s success or failure. Knowing there’s community support for the project really helps attract end users and create positive public relations.” “It takes a lot of time, but the payoff [for public/private partnerships] is amazing,” agrees Laura Bray, executive director of Menomonee Valley Partners Inc. in Milwaukee, which promotes redevelopment of the four-mile-long valley…Log In to Read Full Article
RACER Trust’s Proving Ground Stimulates Efficiency
Judge Robert Gerber, sitting in the U.S. Bankruptcy Court for the Southern District of New York, signed an order in effect creating RACER Trust in March 2011. RACER — for Revitalizing Auto Communities Environmental Response — was handed a portfolio of more than 300 properties scattered over 89 locations in… Read more
Water, Water Everywhere?
While in the following pages I will recount a number of serious localized water shortages, I can tell you at the outset, this will not be another gloom-and-doom scenario to which you are treated daily in your local and national news sources. Now, in my 54th year of professional effort… Read more